Lusaka Stock Exchange - AbsoluteAstronomy.com

The Lusaka Stock Exchange (abbreviated to LuSE) is the principal stock exchange

Stock exchange

A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...

of Zambia

Zambia

Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....

. Founded in 1993, it is located in Lusaka

Lusaka

Lusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...

. The LuSE is a member of the African Stock Exchanges Association

African Stock Exchanges Association

The was incorporated in 1993 in the Republic of Kenya. ASEA's aim is to provide a formal framework for the mutual co-operation of stock exchanges in the African region. Its functions include the exchange of information and assistance in the development of member exchanges.There are 29 exchanges...

.

Background

The Lusaka Stock Exchange (LuSE) was established with preparatory technical assistance from the International Finance Corporation (IFC) and the World Bank in 1993. The Exchange opened on 21st February 1994. In its first two years of operations the LuSE and Securities and Exchange Commission (SEC) were funded by the UNDP and Government of Zambia as a project on financial and capital market development in Zambia under the multi component private sector development program.

The formation of the Exchange was part of the government’s economic reform program aimed at developing the financial and capital market in order to support and enhance private sector initiative. The Lusaka Stock Exchange was also expected to attract foreign portfolio investment through recognition of Zambia and the region as an emerging capital market with potentially high investment returns. Another important role of the Exchange was to facilitate the divestiture of Government ownership in parastatals and realization of the objectives of creating a broad and wide shareholding ownership by the citizenry via a fair and transparent process.

The LuSE has made great strides since inception. It is now more than a platform for trading shares and bonds as demonstrated by some companies from across the spectrum of industry that have used it to raise the public capital for expansion and in the process sustained and created new products and jobs.

Market listings

as of October 2010

Number	Symbol	Company	Notes
1.	AELZ	African Explosives Zambia African Explosives African Explosives is a company based in Johannesburg. The company's principal activity is the manufacture of explosives. It serves the mining and construction industries throughout Africa...	Explosives
2.	BATA	Zambia Bata Shoe Company Bata Shoes Bata Shoes is a large, family owned shoe company based in Bermuda but currently headquartered in Lausanne, Switzerland, operating 3 business units worldwide – Bata Metro Markets, Bata Emerging Markets and Bata Branded Business. It has a retail presence in over 50 countries and production...	Footwear Footwear Footwear consists of garments worn on the feet, for fashion, protection against the environment, and adornment. Being barefoot is commonly associated with poverty, but some cultures chose not to wear footwear at least in some situations....
3.	BATZ	British American Tobacco Zambia Plc. British American Tobacco British American Tobacco p.l.c. is a global tobacco company headquartered in London, United Kingdom. It is the world’s second largest quoted tobacco company by global market share , with a leading position in more than 50 countries and a presence in more than 180 countries...	Tobacco products Tobacco products After tobacco has been processed, it is used to produce a number of different products.- Chewing tobacco :Chewing is one of the oldest ways of consuming tobacco leaves. Native Americans in both North and South America chewed the fresh leaves of the plant, frequently mixed with lime. Modern chewing...
4.	BPZAM	BP Zambia	Petroleum products
5.	CCHZ	Cavmont Capital Holdings Zambia	Banking, Finance Finance "Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
6.	CEC	Copperbelt Energy Corporation	Electricity Electricity Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
7.	CELTEL	Zain Zain -People:as a given name in general , orwith a first name of ZainZain Abbas , a Pakistan-born cricketerZain Amat , a Singaporean trapshooterZain Awan , an India-born Arab TV journalist...	Mobile telephony Mobile telephony Mobile telephony is the provision of telephone services to phones which may move around freely rather than stay fixed in one location. Mobile phones connect to a terrestrial cellular network of base stations , whereas satellite phones connect to orbiting satellites...
8.	Lafarge	Lafarge Cement	Cement Cement In the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together. The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed...
9.	FARM	Farmers House Plc	Real estate Real estate In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
10.	FARMPREF	Farmers House Preferred	Real estate Preferred stock Real estate In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
11.	INVESTRUST	Investrust Bank Investrust Bank Investrust Bank Plc., commonly known as Investrust Bank, is a is a commercial bank in Zambia. It is one of the eighteen licensed commercial banks in the country.-Overview:, Investrust Bank was a medium-sized financial services provider in Zambia...	Banking, Finance Finance "Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
12.	NATBREW	National Breweries	Alcoholic beverages
13.	PAMODZI	Pamodzi Hotels	Lodging Lodging Lodging is a type of residential accommodation. People who travel and stay away from home for more than a day need lodging for sleep, rest, safety, shelter from cold temperatures or rain, storage of luggage and access to common household functions.Lodgings may be self catering in which case no...
14.	SCZ	Standard Chartered Bank (Zambia) Plc. Standard Chartered Bank Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...	Finance Finance "Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created... , Banking
15.	SHOPRITE	Shoprite Holdings	Supermarkets
16.	ZAMBEEF	Zambeef Products Plc. Zambeef Products According to its website, Zambeef is the largest beef producer in Zambia. The company also provides feedlot services, and manufactures milk, chicken, eggs, leather and shoes. The company operates a fast food restaurant chain and a trucking company, including a fleet of refrigerated trucks...	Livestock Livestock Livestock refers to one or more domesticated animals raised in an agricultural setting to produce commodities such as food, fiber and labor. The term "livestock" as used in this article does not include poultry or farmed fish; however the inclusion of these, especially poultry, within the meaning... & Livestock products Livestock Livestock refers to one or more domesticated animals raised in an agricultural setting to produce commodities such as food, fiber and labor. The term "livestock" as used in this article does not include poultry or farmed fish; however the inclusion of these, especially poultry, within the meaning...
17.	ZAMEFA	Metal Fabricators of Zambia Plc	Metal fabrication, Steel Steel Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
18.	ZAMBREW	Zambian Breweries	Alcoholic beverages
19.	ZCCM-IH	ZCCM Investment Holdings	Copper Copper Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
20.	ZANACO	Zambia National Commercial Bank Zambia National Commercial Bank Zambia National Commercial Bank, commonly referred to by the name "Zanaco", is a commercial bank in Zambia.-Overview:Zanaco is a large financial services provider in Zambia...	Banking, Finance Finance "Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
21.	ZSUG	Zambia Sugar Illovo Sugar Illovo Sugar Limited is a leading sugar producer. The company is based in Mount Edgecombe, near Durban, South Africa.It is a subsidiary of Associated British Foods Plc., which holds 51% of the issued share capital which it purchased for more than £400m in 2006. Illovo Sugar is listed on the JSE;...	Sugar Sugar Sugar is a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.Sucrose in its refined form primarily comes from sugar cane and sugar beet...
22.	ZSLA	Zambia Sugar Rights Issue Illovo Sugar Illovo Sugar Limited is a leading sugar producer. The company is based in Mount Edgecombe, near Durban, South Africa.It is a subsidiary of Associated British Foods Plc., which holds 51% of the issued share capital which it purchased for more than £400m in 2006. Illovo Sugar is listed on the JSE;...	Sugar Sugar Sugar is a class of edible crystalline carbohydrates, mainly sucrose, lactose, and fructose, characterized by a sweet flavor.Sucrose in its refined form primarily comes from sugar cane and sugar beet...

Market listings

See also